Polycrystalline Segment is Expected to Dominate the Global Solar Lights Market
Many governments around the world offer incentives,
subsidies, tax credits, and rebates to encourage the adoption of solar
technologies, including solar lighting.
According
to TechSci Research report, “Global Solar Lights Market - Industry Size,
Share, Trends, Competition Forecast & Opportunities, 2028”. The Global Solar Lights is
anticipated to project robust growth in the forecast period with a CAGR of 21.37%
through 2028. The end-user segments of the Solar Lights Market include
industrial, residential, commercial, highways and roadways. The growing need to
reduce carbon emissions and to minimize dependency for power consumption on
traditional energy sources have been driving the Solar Lights Market. The Solar
Light System has multiple benefits such as low maintenance cost, easy
installation and avoiding the threats of electric shocks since it is a wireless
system. The rapid developments in highways, railways and ports are the targeted
areas for the deployment of Solar Lights Systems. Also, the low electricity
penetration area in the rural parts of developing countries is expected to
drive the Solar Lights Market.
Roadway
lighting is used to illuminate roads, highways, and other public spaces. It is
essential for ensuring the safety of drivers, pedestrians, and cyclists at
night. Roadway lighting also helps to reduce crime and improve the quality of
life in communities. The roadway lighting segment is expected to continue to
dominate the global Solar Lights market in the coming years. This is due to the
growing demand for infrastructure development, the increasing urbanization of
the world, and the rising safety concerns. Other significant segments in the
global Solar Lights market include bridge lighting, tunnel lighting, airport
lighting, port lighting, railway lighting, industrial lighting, and commercial
lighting. The world is becoming increasingly urbanized, and this is leading to
a growing demand for infrastructure development, including roads, bridges,
tunnels, airports, ports, and railways. This is driving the demand for Solar
Lights solutions. Governments and businesses around the world are increasingly
focused on energy efficiency and sustainability. This is due to a number of
factors, such as rising energy costs, concerns about climate change, and
government incentives. The focus on energy efficiency and sustainability is
driving the demand for energy-efficient and sustainable Solar Lights solutions,
such as LED lights and smart lighting controls.
Browse over xx market data Figures spread through 188 Pages
and an in-depth TOC on "Solar Lights Market"
Governments
and businesses are increasingly focused on safety and security. This is due to
a number of factors, such as the increasing threat of terrorism and crime. Solar
Lights can help to improve safety and security by increasing visibility and
deterring crime. Lighting technology is constantly advancing, and this is
leading to the development of more efficient, reliable, and durable Solar
Lights solutions. For example, LED lights are now more efficient and affordable
than ever before. The roadway lighting segment is the largest segment in the Solar
Lights market, accounting for over 50% of the market share in 2022. This is due
to the large number of roads and highways that need to be lit for safety and
security purposes. Other significant segments in the Solar Lights market
include bridge lighting, tunnel lighting, airport lighting, port lighting,
railway lighting, industrial lighting, and commercial lighting. The Asia
Pacific region is the largest market for infrastructure lighting, accounting
for over 40% of the global market share in 2022. Asia Pacific is expected to
hold the largest share of the market during the forecast period (2023-2029).
The growing demand for power in developing economies such as China and India
can only be fulfilled by solar energy. The region’s Solar Lights Market is
expected to grow majorly due to favorable government schemes for sustainable
energy development.
Middle
East and Africa is expected to hold the second-largest growing region in Solar
Lights Market during the forecast period. The partnership between China and
some Middle East countries for the deployment of Solar Lights Systems in the
region is expected to drive the Middle East and Africa Solar Lights Market.
Key
market players in the Global Solar Lights Market are following:-
- Cree
Inc
- Hubbell
Lighting
- Zumtobel Group AG
- Philips
Lighting
- Acuity
Brands Inc.
- Dialight
plc
- Eaton
Corporation
- Osram
GmbH
- GE
Lighting
- SAMSUNG
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“LED
lighting is becoming increasingly popular in infrastructure applications due to
its energy efficiency, long lifespan, and low maintenance requirements. Smart
lighting solutions are becoming increasingly popular in infrastructure
applications due to their ability to improve efficiency, reduce costs, and
enhance safety. For example, smart lighting solutions can be used to dim or
turn off lights when they are not needed, which can save energy and reduce
costs. Governments and businesses are increasingly looking for sustainable Solar
Lights solutions that can reduce their environmental impact. For example,
solar-powered lighting systems can help to reduce the reliance on fossil fuels.
The
global Solar Lights market is a growing and dynamic market with a bright
future. The factors driving the growth of the market include the increasing
urbanization and infrastructure development, the growing demand for
energy-efficient and sustainable lighting solutions, the rising safety and
security concerns, and the technological advancements in lighting technology.
The key trends in the market include the growing adoption of LED lighting, the
increasing use of smart lighting solutions, and the growing demand for
sustainable Solar Lights solutions.” said Mr. Karan Chechi, Research Director
with TechSci Research, a research-based global management consulting firm.
Solar Lights Market – Global Industry Size, Share,
Trends, Opportunity, and Forecast Segmented By Type (Outdoor Solar Lights,
Indoor Solar Lights), By Panel Type (Polycrystalline, Monocrystalline,
Amorphous), By Solar Power Systems (Off-Grid, On-Grid, Hybrid), By Application
(Highways and Roadways, Residential, Commercial and Industrial, Others), By
Region, By Competition 2018-2028 has
evaluated the future growth potential of Global Solar Lights Market and
provides statistics and information on market structure, size, share, and
future growth. The report is intended to provide cutting-edge market
intelligence and help decision makers take sound investment decisions. Besides,
the report also identifies and analyzes the emerging trends along with
essential drivers, challenges, and opportunities present in the Global Solar
Lights Market.
Contact
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Techsci
Research LLC
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